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Irina18 [472]
3 years ago
8

Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business re

corded $16,000 in catering revenues and $10,000 in expenses. Stahl issued stock of $3,000 during the year. Stockholders' equity changed by what amount from the beginning of the year to the end of the year?
Business
1 answer:
Svet_ta [14]3 years ago
6 0

Answer:

Stockholders' equity changed by $9,000 from the beginning of the year to the end of the year.

Explanation:

Stockholders Equity at beginning of the year = Total Asset - Total Liabilities

Stockholders Equity at beginning of the year = $20,000 - $5,000

Stockholders Equity at beginning of the year = $15,000

Stockholders Equity at Ending of the year = Stockholders Equity at beginning of the year + Revenue for the year - Expenses for the year + New stock issuance

Stockholders Equity at Ending of the year = $15,000 + $16,000 - $10,000 + $3,000

Stockholders Equity at Ending of the year = $24,000

Change in Equity = $24,000 - $15,000 = $9,000

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A salesperson working for Broker A sells a $150,000 home listed with another brokerage. The listing commission is 6.5 percent of
Taya2010 [7]

Answer:

She is entitled to $3,217.5

Explanation:

First the amount the brokers and sales person are interested in is 6.5% of the selling price ($150,000). so calculating 6.5% of the selling price;

6.5% = 6.5/100 = 0.065

∴ 6.5% of $150,000 = 0.065 × 150,000 = $9,750

Next, we are interested in the cooperating broker (Broker A), who the sales person works for. Note that a cooperating broker is the broker who facilitates a real estate transaction, along with a listing broker who listed the property, and in this case the listing broker is Broker A, who the sales person works for.

We are told that the cooperating broker takes 60% of the listing commission ($9,750);

Therefore, 60% of $9,750 = 0.6 × 9,750 = $5,850

Next, we are also told that out of this amount, the sales person is responsible for 55% of the listing commission entering the cooperate broker's office;

Therefore, 55% of $5,850 = 0.55 × 5,850 = $3,217.5

Therefore the sales person is entitled to $3,217.5

8 0
3 years ago
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes the followi
Airida [17]

Answer:

$555,900

Explanation:

To determine the FVI amount that should be recorded, all closing costs must be added to the initial purchase price of the land

∴ = $490,000 + $29,000 + $1,900 + $6,000 + $29, 000

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4 0
3 years ago
The dollars available from each unit of sales to cover fixe
lbvjy [14]

Answer:

False

Explanation:

Variable costs are part of direct expenses incurred in the production of goods meant for sales. Variable costs have a direct and proportionate relationship with the output level. An increase in output level increases variable costs. Examples of variable costs are packaging and raw materials.

The contribution margin is the dollar amount available from the sale of each unit to cater for fixed costs and profits. It is calculated by subtracting variable costs from the selling price. The contribution margin is used in determining the break-even point and the output level required to achieve desired profits.

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. In 2000, KFC® and A&W® restaurants successfully merged because each had a strong
klio [65]

Explanation:

Co-branding is a form of branding that connects companies together. Essentially, co-branding is a marketing partnership between two or more businesses.

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3 years ago
Which Of the following is the most important academic skill that you would need in a scientific career?
Svetlanka [38]

Research skills

(Time management is lower on the totem pole while the other 2 are on the bottom)

8 0
3 years ago
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